LeBron James signs 2 year $104 million with Lakers

lebron james signs contract extension

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LeBron James, the star player for the Los Angeles Lakers, has reportedly inked a lucrative new deal with the team. According to sources such as Adrian Wojnarowski, a prominent columnist and reporter for ESPN, The Athletic, and Stadium, James has agreed to a substantial two-year contract worth $104 million. The deal includes a no-trade clause and a player option for the following summer.

Notably, the Lakers’ executives and James’ agent, Rich Paul of Klutch Sports, may have agreed to terms that fall short of the maximum contract allowable for James. This decision could have significant implications for the team’s roster and financial flexibility in the years to come.

Looking ahead to the 2024-25 season, James will surpass a career NBA salary milestone, exceeding $500 million in on-court earnings. This remarkable achievement solidifies his status as the first player in NBA history to reach such a financial milestone through his playing career.

As of 2024, James, now 39 years old, achieved the remarkable feat of scoring over 40,000 career points in early March, further etching his name in the annals of basketball history. Despite maintaining impressive averages of 25.7 points, 7.3 rebounds, and 8.3 assists, James and the Lakers grappled with consistency, concluding the season with a 47-35 record. Their playoff run was cut short in the first round by the Denver Nuggets, with some attributing their struggles to James’ battle with injuries and diminishing defensive prowess. Notably, he is set to turn 40 in December, making him the oldest active player in the league.

In response to their underwhelming performance, the Lakers opted for a coaching change in the offseason, bidding farewell to Darvin Ham. Following their first-round playoff exit, the team appointed JJ Redick, a former NBA player and current ESPN analyst. Redick also co-manages a podcast with LeBron James called Mind The Game. This initiative signals the team’s commitment to a new direction under Redick’s leadership.

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